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BREAKING: 10th Circ. Revives $550M Barclays RMBS Suit

The Tenth Circuit on Tuesday revived a National Credit Union Administration lawsuit alleging Barclays Capital Inc. misrepresented the quality of more than $555 million in residential mortgage-backed securities, finding that although the NCUA’s claims were filed too late, Barclays was precluded from having the suit tossed on those grounds.

  • BREAKING: House Passes ‘Clean’ $40B DHS Funding Bill

    The U.S. House of Representatives agreed to concur with the Senate’s “clean” $39.7 billion bill funding the U.S. Department of Homeland Security on Tuesday, ending a weekslong standoff over a contentious immigration-related “rider” that had been attached to the bill.

  • Justices Hand Federal Court Keys To Colo. 'Amazon Tax' Case

    In a win for retailers, the U.S. Supreme Court on Tuesday unanimously ruled that businesses can challenge reporting requirements in Colorado’s “Amazon tax” law without running afoul of the Tax Injunction Act, which bars federal courts from restraining state tax provisions, in a landmark decision that narrows the law’s scope.

  • Judge Koh Nears OK Of $415M Apple, Google Anti-Poach Deal

    U.S. District Judge Lucy H. Koh on Monday signaled she would preliminarily approve a $415 million settlement to end the high-profile antitrust class action accusing Apple Inc., Google Inc. and others of illegally agreeing not to poach each other’s software engineers, months after rejecting a $325 million deal as too small.

  • Fed. Circ. Says Trademark 'Use' Needs More Than Advertising

    The Federal Circuit on Monday sided with Walt Disney Co. in its bid to cancel a man’s trademark registration on the name “Playdom,” issuing a precedential ruling that said a service mark is only “used” in commerce when the service has actually been rendered — not when it’s merely been advertised.

  • 5 Wild Cards At High Court's ACA Arguments

    The U.S. Supreme Court on Wednesday hears oral arguments on the future of Affordable Care Act tax credits, and experts say that justices may tip their hands by focusing on states' rights, worrying about consumers or fixating on a few words in the law. Here are five things to watch in King v. Burwell.